July 5th 2016

Today’s focus:

- Vietnam might miss GDP goal.

- At the end of the session, VNIndex increased by only 0,45pts to 650,88pts, HNXIndex rose by 0,12pts to settle at 85,91pts. Trading volume on both HNX and HOSE reached 205mn units, corresponding to VND3.750bn.

- Numerous policies concerning wage, tax and other economic aspects will go into effect from July 2016.﻿﻿

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* Banking:

Minimum ATM withdrawals must not be lower than VND5mn for transactions within one bank and VND3mn for interbank transactions (Vietstock 4-7).

Mr. Dang Phuoc Dua – Eximbank’s largest shareholder – has sent the State Bank and related institutions a proposal to dismiss all members of Eximbank’s Board of Director (Vietstock 3-7).

* Currency:

SJC gold price barely changed compared to the previous session. The price settled at VND36,45-37,00mn/tael in HCMC and VND36,55-36,95mn/tael in Hanoi. Gold price in Asian markets dropped slightly early in the session, while a sharp increase in global world price propelled the domestic gold market’s purchasing rate from 30% to 60%. It is widely predicted that Brexit might push gold price up by 50% in the near future (VOV 5-7).

On HOSE, GAS, PVD’s influence changed slightly as most bluechip stocks performed quite well. In particular, HCM and SSI increased by 3% whilst many other bluechips such as HSG(+1,36%), HPG (+0,75%), VI (+0,98%), BVH(+1,65%), VCB(+1,63%) also propsered. On HNX, VND (+3,91%), SHS (+2,99%), BVS (+2,22%), VIX (+5,41%) along with HUT (+3,7%), SPI (+8,45%) were rising with good liquidity. After the first 25 minutes of the session, the market recorded 179 shares in the green an 88 shares in the red. At 9:28 a.m, VNIndex gained 6pts (0,87%) to 653pts while HNXIndex also went up nearly 0,6% to above of 86,32pts.

At the end of the session, VNIndex increased by only 0,45pts to 650,88pts, HNXIndex rose by 0,12pts to settle at 85,91pts. Trading volume on both HNX and HOSE reached 205mn units, corresponding to VND3.750bn. Apart from GAS(-1,5%) and PVD(-1,59%), bluechip stocks such as NT2(-2,27%), FPT(-0,71%), GMD(-0,73%) and HHS(-2,17%) were having significant declines. On HNX, VND(+3,13%), HKB(+9,36%), SPI(+9,86%), MBG(+7,14%) are remarked for their performance. Market liquidity narrowed with only 192 stocks in the green and 207 in the red (Vietstock 5-7).